Twilio (NYSE:TWLO) PT Raised to $78.00 at JPMorgan Chase & Co.

Twilio (NYSE:TWLO) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $76.00 to $78.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 24.09% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Sanford C. Bernstein dropped their price target on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Wednesday, May 8th. Macquarie dropped their price target on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $71.00 price target on shares of Twilio in a research report on Monday, May 20th. Wells Fargo & Company lifted their price target on shares of Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Robert W. Baird decreased their price objective on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of “Hold” and an average price target of $70.27.

Twilio Stock Performance

NYSE:TWLO traded up $6.59 during mid-day trading on Friday, hitting $62.86. The stock had a trading volume of 8,044,326 shares, compared to its average volume of 2,908,425. Twilio has a twelve month low of $49.86 and a twelve month high of $78.16. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of -15.68, a PEG ratio of 8.26 and a beta of 1.35. The company’s 50 day simple moving average is $57.00 and its 200 day simple moving average is $61.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, equities research analysts forecast that Twilio will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Dana Wagner sold 796 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the transaction, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Aidan Viggiano sold 956 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $58,975.64. Following the transaction, the chief financial officer now owns 228,506 shares in the company, valued at $14,096,535.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 796 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the transaction, the insider now owns 164,374 shares in the company, valued at approximately $10,140,232.06. The disclosure for this sale can be found here. Insiders have sold a total of 66,967 shares of company stock valued at $3,796,221 over the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after acquiring an additional 140,791 shares during the period. Norges Bank bought a new position in shares of Twilio during the 4th quarter valued at $179,739,000. Kodai Capital Management LP grew its holdings in Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after acquiring an additional 761,356 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Twilio by 18.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock worth $105,131,000 after purchasing an additional 217,796 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Twilio by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock worth $95,261,000 after purchasing an additional 43,124 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.